Business

Tuesday, November 3, 2015

Cashing in
on Chinese
opportunities

Argus

Page 4

Motorcycle store gets

off to a roaring start

Smaller firms
urged to do
more to stop
cyber attacks

CMC has opened in the former South Wales Superbikes store. Below: CMC managing director Ross Feltham

SMALL and medium-size enterprises risk being disqualified from bidding for work because of the lack of
importance they are placing on
looking after their valuable client
data, according to a survey of procurement managers by KPMG.
A multi-sector KPMG survey
revealed that the general consensus (70 per cent) of procurement
managers is that SMEs should be
doing more to prevent cyber
attacks and protect valuable client
data.
The vast majority (86 per cent) of
respondents said they would consider removing an SME supplier if
they were hacked and nearly all of
the respondents (94 per cent) confirmed cyber security standards are
important when awarding contracts
to SME suppliers.
Neil Clarke, senior manager in
KPMGs cyber security practice in
South Wales, said: Cyber security
is not just a technical issue anymore. It has become a business
critical issue for the UKs SMEs.
Larger companies are placing an
increased emphasis on the cyber
security of their suppliers and
increasingly the onus is on SMEs to
show that they are tackling this
issue head on.
Unfortunately many SME still
take a blas approach towards
cyber security and mistakenly dont
see themselves as targets of cyber
criminals. Unless these organisations take a more mature approach
towards cyber security now, they
face the risk of being frozen out of
lucrative supplier contracts.
Already two-thirds of procurement
managers ask their suppliers to
demonstrate cyber accreditations
as a part of their procurement
assessment, with this number likely
to increase in the near future.
In addition, SMEs are increasingly
being asked to self-fund their own
accreditations. In the absence of
accreditation, 41 per cent of procurement managers expect their
suppliers to pay for their own
accreditations and reach a certain
level of cyber maturity in the near
future.
Neil Clarke said: In order for
businesses to be awarded some
public sector contracts they already
have to demonstrate a certain level
of cyber maturity and this is
increasingly becoming the norm in
the private sector as well.
Companies are also imbedding
cyber security in their supplier contracts with 47 per cent of existing
contracts already stating suppliers
are contractually obliged to tell if
they have been hacked. This means
that if a SME supplier is breached
and doesnt deal with it appropriately, they could be looking at the
termination of a supplier contract.

By Jo Barnes

01633 777240
jba@gwent-wales.co.uk
Twitter @SWABusiness
MIDLANDS-based family-owned
motorcycle business CMC has
opened at the former South
Wales Superbikes site in
Newport after it closed in the
summer.
CMC has already invested 100,000
in the new store, creating an initial
12 jobs with a dozen more in the
pipeline.
Well-established Yamaha dealership and motorcycle repair, servicing and clothing business South
Wales Superbikes, of 10-11 Estuary
Road, Queensway Meadows,
Newport, closed down in August.
Fellow Yamaha dealership CMC
Motorcycles, which has five other
motorcycle stores, opened what is
now its sixth and its first in
Wales on Saturday at the site.
The new store, about 15,000 sq ft,
has 50 per cent more retail space on
the mezzanine floor than previously, with a large area dedicated to

motorcycle helmets. An array of

new and used motorcycles, covering a range of manufacturers, is
displayed on the ground floor.
CMC says three areas of the business motorcycle sales, clothing,
accessories and parts plus service
should provide opportunities for
the recruitment of a further dozen
staff.
CMC managing director Ross
Feltham, who was at the new store
on Saturday, said he was delighted
with the response from the motorcycling fraternity to the Newport
opening.
The place has been buzzing all
day, with the motorcycle parking
area at the front packed with bikes
and bikers. People have come from
all over to visit the new store and
see what we have to offer.
In the first weekend open South
Wales matched CMCs best-performing branch for bike sales,
which is a great start. This all
augurs very well for the future.
We have known South Wales
Superbikes since the early nineties.
Unfortunately SWS had to close its
doors in August after a difficult

spell of trading and we are pleased

to say that after negotiations with
the staff and landlords CMC has
been able to open its latest dealership here in South Wales.
We have already invested around
100,000 in the new store, which has
included doubling the size of the
clothing, accessory and service
department. We want to become a
destination dealership for the
South Wales area where motorcyclists can gather and see a wide
choice of new and used bikes and
scooters and a vast range of clothing, accessories and parts.

We currently have around 130150 used bikes and 30-50 new

Yamahas. This number should be
fairly consistent. However, CMC
Motorcycles South Wales now has
access to the hundreds of used
bikes available in our other five
branches located in Chesterfield,
Nottingham, Cannock, Stoke and
Coleshill. We will also be opening in
Manchester in 2016.
Mr Feltham said a target for annual motorcycle sales at CMC
Newport is 1,000 machines.
He said: We have seen in the past
what this dealership can do, and
with all the expansion going on in
Newport and the South Wales area
its a great time for CMC to have a
dealership in Wales.
Its also a vote of confidence in
the people here too.
The work ethic from the staff at
the dealership and the supporting
tradespeople from South Wales,
who have helped renovate the building in double-quick time, has been a
joy to be a part of. We are really
looking forward to 2016 and providing a great place for motorcyclists
to visit.

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